07/10/2026
𝘼𝙨 𝙖 𝙩𝙧𝙖𝙙𝙚 𝙬𝙚 𝙖𝙡𝙬𝙖𝙮𝙨 𝙡𝙤𝙤𝙠 𝙤𝙪𝙩 𝙛𝙤𝙧 𝙤𝙬𝙣 , 𝙥𝙡𝙚𝙖𝙨𝙚 𝙠𝙚𝙚𝙥 𝙞𝙣 𝙘𝙤𝙣𝙩𝙖𝙘𝙩 𝙬𝙞𝙩𝙝 𝙩𝙝𝙤𝙨𝙚 𝙖𝙛𝙛𝙚𝙘𝙩𝙚𝙙 𝙖𝙣𝙙 𝙖𝙣 𝙚𝙮𝙚 𝙤𝙪𝙩 𝙛𝙤𝙧 𝙤𝙥𝙥𝙤𝙧𝙩𝙪𝙣𝙞𝙩𝙞𝙚𝙨 , 𝙡𝙚𝙩 𝙢𝙖𝙠𝙚 𝙨𝙪𝙧𝙚 𝙣𝙤 𝙤𝙣𝙚 𝙜𝙚𝙩𝙨 𝙡𝙚𝙛𝙩 𝙗𝙚𝙝𝙞𝙣𝙙.
𝙏𝙝𝙚 𝙤𝙛𝙛𝙞𝙘𝙞𝙖𝙡 𝙪𝙥𝙙𝙖𝙩𝙚 𝙩𝙝𝙞𝙨 𝙢𝙤𝙧𝙣𝙞𝙣𝙜 𝙛𝙧𝙤𝙢 𝙃𝙞𝙡𝙘𝙤 𝘾𝙖𝙥𝙞𝙩𝙖𝙡 𝙖𝙗𝙤𝙪𝙩 𝙃𝙚𝙖𝙙𝙡𝙖𝙢.
𝙏𝙝𝙞𝙣𝙠𝙞𝙣𝙜 𝙤𝙛 𝙖𝙡𝙡 𝙢𝙮 𝙚𝙭 𝙘𝙤𝙡𝙡𝙚𝙖𝙜𝙪𝙚𝙨 𝙖𝙣𝙙 𝙛𝙧𝙞𝙚𝙣𝙙𝙨 𝙖𝙛𝙛𝙚𝙘𝙩𝙚𝙙 𝙗𝙮 𝙩𝙝𝙞𝙨 𝙣𝙚𝙬𝙨.
This announcement was made earlier today.
* The proposed CVA/refinancing-led exit from administration has been abandoned. Administrators concluded that an orderly sale of assets was now the best achievable outcome for creditors.
* Headlam and HFD completed a £14.9 million + VAT asset sale to Likewise Group on 6 October:
* Thatcham distribution centre: £12.9m
* Other operating assets/inventory: £1.1m
* Crucial Trading, Concept Flooring and principal intellectual property: £0.9m
* Net proceeds will pay administration expenses, secured creditors and preferential creditors. This places Hilco/HUK 180’s secured lending claims ahead of unsecured creditors and shareholders, although the announcement does not specify exactly how much Hilco will receive.
* Administrators say unsecured creditors are unlikely to be paid in full and existing Headlam shareholders are unlikely to receive any capital return.
* Headlam’s stock-market listing is to be cancelled, meaning the suspended shares will ultimately cease trading.
* Likewise acquired assets only—not Headlam Group plc or HFD Limited—and therefore has not taken ownership of either company. It will also help sell remaining Headlam inventory over nine months and will occupy Coleshill under an exclusive nine-month licence.
This materially clarifies the likely outcome: no CVA rescue, no restoration of the listing, and a probable total loss for Headlam shareholders.
Still undisclosed are Hilco’s interest rate, fees, maturity date, amount actually drawn from the £11.7m facilities, and the precise recovery or settlement payable to HUK 180.
C/p
